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FS-ISAC Coronavirus Update, June 10, 2021

FS-ISAC Coronavirus Update, June 10, 2021 The seven-day average of daily US infections held below 15,000 as of Tuesday, according to data compiled by Johns Hopkins University, down 17% from a week...

Jun 10, 2021
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Article
Advocacy Operational Risk Crisis Preparedness

Crapo challenges new bank IRS reporting proposal

Crapo challenges new bank IRS reporting proposal Senate Finance Committee Ranking Member Mike Crapo (R-Idaho) pushed back against a Biden administration proposal that would require financial...

Jun 09, 2021
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Article
Lending

ICBA continues push against House ‘true lender’ repeal

ICBA continues push against House ‘true lender’ repeal ICBA and other groups again urged in a joint letter to House members their opposition to a Senate-passed resolution to repeal the OCC’s “true...

Jun 09, 2021
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Article
Lending

Swap guidance continues LIBOR transition

Swap guidance continues LIBOR transition A Commodity Futures Trading Commission panel recommended best practices for switching interdealer trading conventions from LIBOR to the Secured Overnight...

Jun 09, 2021
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Article
Lending LIBOR

CFPB issues FAQ on EFT and Reg E

CFPB issues FAQ on EFT and Reg E The Consumer Financial Protection Bureau issued frequently asked questions on unauthorized transfer and error resolution provisions under the Electronic Fund...

Jun 08, 2021
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Article
Compliance Compliance

IRS begins contacting families on Child Tax Credit

IRS begins contacting families on Child Tax Credit The IRS said it started sending letters to more than 36 million American families who may be eligible to receive monthly Child Tax Credit payments...

Jun 08, 2021
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Article
Taxes & Budget

ICBA releases new elder abuse awareness resources

ICBA releases new elder abuse awareness resources ICBA released customizable resources to help community banks recognize World Elder Abuse Awareness Day next week. ICBA released customizable...

Jun 08, 2021
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Article
Advocacy

FS-ISAC Coronavirus Update, June 8, 2021

FS-ISAC Coronavirus Update, June 8, 2021 People who have been vaccinated against coronavirus are more than 90% protected against infection and, if they do become infected, they have milder disease...

Jun 08, 2021
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Article
Advocacy Operational Risk Crisis Preparedness